Here are two of the most devastating regulations, this time from the Department of Labor (DOL): the fiduciary rule and the overtime rule. These are two heavy-handed rules that actually hurt the very people they claim to protect.

The Department of Labor recently finalized its controversial overtime rule, which raises the salary level requirements of employees eligible for overtime from $23,660 to $47,476. More people getting paid for overtime work? Sounds great, but such a momentous federal intervention in our information economy has unintended consequences—harmful consequences that will fall directly on the people that this rule claims to help.

Bureaucrats in Washington, D.C. have no business getting between you and your financial planner. But that’s what the Obama administration’s fiduciary rule does. It’s Obamacare for financial planning. That’s why the House has rejected the onerous rule under the Congressional Review Act.

Earlier this week, we explained how the latest Obama administration regulation, the Department of Labor’s (DOL) fiduciary rule, could hurt hardworking Americans trying to save for their retirement.

Now, it seems that harm to the financial planning industry and the Americans they serve could have been avoided—had the Obama administration listened to its own experts.

Speaker John Boehner is joined by Rep. John Kline (MN-2), Chairman of the House Education and the Workforce Committee, for the signing of S.J. Res. 8, legislation that helps protect the rights of American workers with the time and information they need in advance of union elections.